Public Service = Private Profit
14 August 2006, 08:53 PM
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Public Service = Private Profit
Channel 4 Monday 14 August, 8pm
So now we know what New Labour does with all that tax it takes from us. What a bunch of filthy crooks. They are ripping us off left, right and centre.
Most of these bloody PFI companies don't pay any taxes either as they cook the books and use off shore bank accounts.
So now we know what New Labour does with all that tax it takes from us. What a bunch of filthy crooks. They are ripping us off left, right and centre.
Channel 4 News Economics Correspondent Liam Halligan tackles the controversial Private Finance Initiative.
He reveals how the private funding of state schools and hospitals is draining hundreds of millions of pounds from frontline services, while creating a £4 billion-a-year industry and a new elite of publicly-unaccountable PFI professionals.
He reveals how the private funding of state schools and hospitals is draining hundreds of millions of pounds from frontline services, while creating a £4 billion-a-year industry and a new elite of publicly-unaccountable PFI professionals.
14 August 2006, 09:57 PM
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42 Billion awarded in (30 year) contracts so far that are costing 150 Billion in total of taxpayers money to service.
And yes, there are a lot more in the pipeline.
And yes, there are a lot more in the pipeline.
14 August 2006, 11:56 PM
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Country ripped off by private company
Remember this when the Gov sold off all Inland Revenue property at knock down prices in an attempt to save on running costs
http://www.telegraph.co.uk/money/mai...ixcitytop.html
They thought they would get back tax on the rental income charged by the company.
Only they found out after the sale that the company is registered off shore.
http://www.telegraph.co.uk/money/mai...ixcitytop.html
They thought they would get back tax on the rental income charged by the company.
Only they found out after the sale that the company is registered off shore.
15 August 2006, 08:25 AM
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I read about this programme in the paper yesterday, apparently there's a school in Newcastle that was closed, but the taxpayer still has to pay a PFI £52,000 a year for the next 25 years, even though there's no pupils there! 
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15 August 2006, 09:31 AM
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Originally Posted by unclebuck
Most of these bloody PFI companies don't pay any taxes either as they cook the books and use off shore bank accounts.
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